For the fourth quarter ended Sept. 30, the company expects revenue of about $64 million, a sequential increase of 45 percent. It had previously forecast a sequential revenue growth of at least 25 percent for the period.

Analysts on average were expecting the company to report revenue of $56.1 million, according to Thomson Reuters I/B/E/S. “The upward trend we saw last quarter is continuing and we currently anticipate sequential revenue growth of at least another 45 percent in the quarter ending Dec. 31, 2009,” Chief Executive Robert Lepofsky said in a statement.

Shares of the company closed at $8.05 Thursday on the New York Stock Exchange. (Reporting by Divya Sharma in Bangalore; Editing by Pradeep Kurup)